IF this is true, Gov. McDonnell(R-VA) is in deep trouble.

Williams’s gift came in August 2011 — about two weeks after he met with a top state health official to pitch the benefits of his company’s health products at a meeting arranged by first lady Maureen McDonnell, according to people who know of the meeting. Williams bought the watch at the urging of Maureen McDonnell, who admired Williams’s own Rolex and suggested that he buy her a similar one she could give to her husband, the people said. Her proposal occurred moments before the meeting she had arranged with the state official, according to one person familiar with the request. The Rolex, engraved with the inscription “71st Governor of Virginia,” represents the first undisclosed gift known to have been used personally by McDonnell (R) among tens of thousands of dollars of undisclosed gifts given to the governor’s family. A spokesman for the U.S. attorney’s office declined t...